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INTRODUCTION
The IIMs are considered the top business schools in India. All the IIMs are completely autonomous institutes owned and financed by the Central Government of India.
They offer post-graduate courses in management (equivalent to an MBA), fellowship programmes in management (equivalent to PhD), executive MBA and industry based programmes. IIMs actively carry out research and consultancy for the industry, including the needs of non-corporate and under-managed sectors such as agriculture, rural development, public systems management, energy, health education, habitat, etc
IIM LUCKNOW
IIM CALCUTTA
IIM AHMEDABAD
IIM RANCHI
IIM AHMEDABAD
IIM ROHTAK
IIM KOZHIKODE
IIM INDORE
IIM SHILLONG
HISTORY OF IIMS IN INDIA In1961, IIM Ahmedabad (IIMA) was started as an autonomous institute in collaboration with the State and central government. IIM Bangalore was started in 1973 to cater to the rising demand for managing the technical uprising in the country. In November 1961, in association with Alfred P. Sloan School of Management (MIT), the Ford Institute and the government of West Bengal; IIM Calcutta (IIMC) was set up. Indian institute of Management, Indore (IIMI) was established a decade ago. The fifth Indian Institute of Management was established in Kozhikode (IIMK) under the guidance laid down by the government of India and the state government of Kerela. IIM, Lucknow (IIML) was started on a modest footing back in 1981.
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ADMISSION PROCESS The CAT (Common Admission test) conducted by the IIMs is a very competitive test conducted for admission to around 2750 seats of graduate programs in management at the seven campuses, and is usually considered one of the most competitive exams in the world, with a supposed success rate of about one in two hundred, (49.5% of seats are reserved and therefore not merit based). Each institute conducts group discussions and personal interviews to evaluate the students shortlisted after the test.
On 1 May 2009, it was announced that from CAT 2009 would be a Computer Based Test. The contract for conducting computer based CAT was awarded to Prometric - the company that conducts GMAT.
COMPETITIVE ADMISSION
2 year MBA(PGP) PROGRAM Written test + Group Discussion + Personal Interview 2,76,000 applicants for written test , <1% admitted Rated the Toughest MBA to get into by economist magazine.
1 year (PGPX) PROGRAM Gmat + Application Essays + Personal Interview 1400 Applicants < 6% admitted Interviews in india, US, Europe and SE Asia.
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Source www.pagalguy.com
ISSUES
How to arrange quality faculty for many contemporary courses? Providing Spare time to the permanent faculty for taking consultancy and other development work. Not able to productively tap the overseas faculty. Trying to attract overseas Indian faculty. The administration is bureaucratic. There is no value for the guest faculty and their efforts. Core issue : Best managers but using worst management practices. They do not walk the talk. There is rigidity in the structure with no one willing to go beyond the set procedures.
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Infrastructure
Faculty
Quality of students
Enjoy Work.
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3. Majority of the admitted students do not have any work experience and are straight out of college. THREATS 1. Placements in Financial Sector are for the position Analysts and not as Associates.
2. Networking is limited by the fact that most students are freshers and belong mainly to India. Developing international contacts is not easy.
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